30 June 2023

Accounts Receivable Billing Job Description

Billing with accounts accounts receivable in healthcare receivable is an imperative function for your business, and you will benefit greatly from someone handling it for you if the situation calls for it. You might be able to handle things by yourself, but there is definitely more room for error here when things get busier. HighRadius […]

Bookkeeping
28 June 2023

Hobby Lobby Stores Inc

On that point, Justice Ginsburg, joined by Justice Sonia Sotomayor, said the court’s decision “is bound to have untoward effects” in other settings. Many Michaels stores host classes and workshops covering a variety of crafting techniques and projects. These paid sessions not only generate additional income but also drive foot traffic to stores, often resulting […]

Bookkeeping
19 June 2023

Adjusting Entries Types Example How to Record Explanation & Guide

However, adjusting entries looks different depending on the circumstance. This is why it’s crucial to understand the five types of entries before adding them to your journal. Now that all of Paul’s AJEs are made in his accounting system, he can record them on journalizing adjusting entries the accounting worksheet and prepare an adjusted trial balance. Also referred […]

Bookkeeping
18 May 2023

What does arms length transaction mean?

Parents, friends or other loved ones sometimes sell their homes at generously low prices to give someone they love the opportunity to keep a home in familiar hands. As a seller, you can avoid paying a real estate agent commission, and as a buyer, you can avoid dealing with a competitive real estate market and […]

Bookkeeping
9 February 2023

Retained Earnings in Accounting and What They Can Tell You

This information is crucial for making informed decisions about potential investments. Distribution of dividends to shareholders can be in the form of cash or stock. Cash dividends represent a cash outflow and are recorded as reductions in the cash account. Ultimately, the company’s management and board of directors decides how to use retained earnings. Dividend […]

Bookkeeping
3 February 2023

How to Calculate Capital Expenditures CAPEX

Nonetheless, let’s discuss how to calculate capital expenditure and how to use the capital expenditure formula. Net Property, Plant, and Equipment (PP&E) is found on the balance sheet under the assets section. The “net” signifies that accumulated depreciation has already been subtracted from the original cost of the assets. Find the amount of depreciation expense […]

Bookkeeping
25 November 2022

What is a general ledger?

The general ledger (also called a general journal or GL) summarizes all the financial information you have about your business. Companies use a general ledger reconciliation process to find and correct such errors in accounting records. In some areas of accounting and finance, blockchain technology is used to make the reconciliation process faster and cheaper. […]

Bookkeeping
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